Coho Partners Ltd. Has $24.73 Million Stock Position in United Parcel Service, Inc. $UPS

Coho Partners Ltd. decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,973 shares of the transportation company’s stock after selling 71,552 shares during the period. United Parcel Service accounts for approximately 1.8% of Coho Partners Ltd.’s holdings, making the stock its 29th biggest holding. Coho Partners Ltd.’s holdings in United Parcel Service were worth $24,728,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after acquiring an additional 4,988,044 shares during the period. Pacer Advisors Inc. raised its holdings in United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after purchasing an additional 3,961,255 shares during the period. Nuveen LLC acquired a new stake in United Parcel Service in the first quarter worth $201,358,000. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in United Parcel Service by 443.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after purchasing an additional 1,264,842 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on UPS shares. Truist Financial dropped their price objective on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Vertical Research reaffirmed a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. BMO Capital Markets restated a “market perform” rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Finally, Morgan Stanley dropped their target price on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $109.31.

United Parcel Service Price Performance

NYSE UPS opened at $85.66 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The company has a market capitalization of $72.60 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. The firm’s 50 day moving average is $85.59 and its 200-day moving average is $93.73.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the business earned $1.79 earnings per share. United Parcel Service’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. United Parcel Service’s payout ratio is currently 97.62%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by insiders.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.